PM MUDRA Yojana Sanctions Rs 39.48 Lakh Crore with NPAs Around 2 Percent

Since its launch in 2015, the Pradhan Mantri MUDRA Yojana (PMMY) has sanctioned Rs 39.48 lakh crore in collateral-free loans to small entrepreneurs across India. The scheme offers three loan categories—Shishu, Kishor, and Tarun—catering to different business stages. As of March 31, 2025, non-performing assets (NPAs) stand around 2 percent overall, with category-wise NPAs at 12.4% for Shishu, 9.48% for Kishor, and 7.92% for Tarun. Banks are actively pursuing recovery efforts to maintain the scheme’s sustainability and support borrowers.